1. Economic Awareness Year 9 Economic Awareness Year 9 Lesson 1 Planning your future Why do we work? Why do we work?

2. LESSON OBJECTIVES: KNOW: Why people work KNOW: Why people work UNDERSTAND: What the benefits and disadvantages of certain jobs are and to discuss these UNDERSTAND: What the benefits and disadvantages of certain jobs are and to discuss these BE ABLE TO: Analyse how much things cost and consider budgets BE ABLE TO: Analyse how much things cost and consider budgets

3. Why do we work? Talk for two minutes with your partner. How many reasons can you come up with? Talk for two minutes with your partner. How many reasons can you come up with? Share your ideas with the pair next to you – anything new? Share your ideas with the pair next to you – anything new?

4. MONEY MONEY ENJOYMENT ENJOYMENT INTEREST INTEREST LEARN SKILLS/EXPERIENCE LEARN SKILLS/EXPERIENCE SOCIAL REASONS SOCIAL REASONS SUPPORT FAMILY SUPPORT FAMILY EXPECTED TO… EXPECTED TO…

5. Why do we work? Watch the video clip until 6.40 mins. Watch the video clip until 6.40 mins. What reasons do the young people interviewed give as reasons for needing money? What reasons do the young people interviewed give as reasons for needing money? Do you agree – which are the most important? Do you agree – which are the most important? http://www.tes.co.uk/teaching- resource/Lesson-Starters-Secondary-PSHE- Work-6047827/

6. LESSON OBJECTIVES: KNOW: Why people work KNOW: Why people work UNDERSTAND: What the benefits and disadvantages of certain jobs are and to discuss these UNDERSTAND: What the benefits and disadvantages of certain jobs are and to discuss these BE ABLE TO: Analyse how much things cost and consider budgets BE ABLE TO: Analyse how much things cost and consider budgets

7. Look at the jobs listed below. They will all earn very different amounts – is money the most important thing? List an advantage and disadvantage for each… Look at the jobs listed below. They will all earn very different amounts – is money the most important thing? List an advantage and disadvantage for each… Self-employed builder Self-employed builder Teacher Teacher Nurse Nurse City Trader City Trader Barrister Barrister Shop Assistant Shop Assistant Gardener Gardener EXT> Think about the video we watched – what are the benefits and disadvantages of being self-employed v. being an employee

8. LESSON OBJECTIVES: KNOW: Why people work KNOW: Why people work UNDERSTAND: What the benefits and disadvantages of certain jobs are and to discuss these UNDERSTAND: What the benefits and disadvantages of certain jobs are and to discuss these BE ABLE TO: Analyse how much things cost and consider budgets BE ABLE TO: Analyse how much things cost and consider budgets

9. QUIZ! How much – on average – does having a child of school age cost a family every year? How much – on average – does having a child of school age cost a family every year? a) £1,170 b) £5,350 c) £3,240 How much does the average family of 4 spend on shopping every week? How much does the average family of 4 spend on shopping every week? a) £50 b) £95 c) £110 What is the average house price in England? What is the average house price in England? a) £115,067 b) £189,986 c) £209,098 What is the full minimum wage in England? What is the full minimum wage in England? a) £6.19 p/h b) £2.15 p/h c) £4.98 p/h How many people in the UK in 2011 still live with their parents at the age of thirty? How many people in the UK in 2011 still live with their parents at the age of thirty? a) 8% b) 20% c) 11% When was the minimum wage introduced? When was the minimum wage introduced? a) 1999 b)1894 c) 1976

10. QUIZ! How much – on average – does having a child of school age cost a family every year? How much – on average – does having a child of school age cost a family every year? a) £1,170 b) £5,350 c) £3,240 How much does the average family of 4 spend on shopping every week? How much does the average family of 4 spend on shopping every week? a) £50 b) £95 c) £110 What is the average house price in England? What is the average house price in England? a) £115,067 b) £189,986 c) £209,098 What is the full minimum wage in England? What is the full minimum wage in England? a) £6.19 p/h b) £2.15 p/h c) £4.98 p/h How many people in the UK in 2011 still live with their parents at the age of thirty? How many people in the UK in 2011 still live with their parents at the age of thirty? a) 8% b) 20% c) 11% When was the minimum wage introduced? When was the minimum wage introduced? a) 1999 b)1894 c) 1976

11. Budgeting… The average wage in the UK is… The average wage in the UK is… This means that, after tax, most people have around… to spend each month This means that, after tax, most people have around… to spend each month What do they spend it on? Discuss you ideas… What do they spend it on? Discuss you ideas…

12. PUT A FIGURE ON IT… How much do you think these things might cost? A three bed house A three bed house A second hand family car A second hand family car A washer-dryer A washer-dryer A man’s work suit A man’s work suit A holiday to Spain in August A holiday to Spain in August

13. LESSON OBJECTIVES: KNOW: Why people work KNOW: Why people work UNDERSTAND: What the benefits and disadvantages of certain jobs are and to discuss these UNDERSTAND: What the benefits and disadvantages of certain jobs are and to discuss these BE ABLE TO: Analyse how much things cost and consider budgets BE ABLE TO: Analyse how much things cost and consider budgets

14. In groups of four… You have a monthy wage of £1,339 – what will you spend it on? You have a monthy wage of £1,339 – what will you spend it on? Circumstances dictating your spending will appear… Circumstances dictating your spending will appear… Your flat costs £450 to rentYour flat costs £450 to rent Your car costs you £60Your car costs you £60 You spend around £35 a week on ‘essentials’You spend around £35 a week on ‘essentials’ You have insurance, utilities and other bills of about £50You have insurance, utilities and other bills of about £50 It is your Gran’s birthday - £35It is your Gran’s birthday - £35 You are going out with work - £40You are going out with work - £40 You lose your mobile - £110You lose your mobile - £110 EXT> Imagine how this figure could be effected if you had children?

15. LESSON OBJECTIVES: KNOW: Why people work KNOW: Why people work UNDERSTAND: What the benefits and disadvantages of certain jobs are and to discuss these UNDERSTAND: What the benefits and disadvantages of certain jobs are and to discuss these BE ABLE TO: Analyse how much things cost and consider budgets BE ABLE TO: Analyse how much things cost and consider budgets

17. 1. Budget 2. Employer 3. Redundancy 4. Employment 5. Employee 6. Money 7. Mortgage 8. Salary 9. Rent 10. Benefits 11. Tax